Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dynamic San Jose Retail Center Title is generated by Realmo AI

    2151 Monterey Rd, San Jose, CA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Premier shopping and dining experiences in San Jose.

    Type:RETAIL
    Property size:
    2,788 SF
    Lot size:
    54.31 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    441
    Last Refresh:
    May 20 at 8:17 pm

    Property Features for 2151 Monterey Rd

    General Information

    Standard status
    Active
    Size
    2,788 SF
    Lot size
    54.31 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2151 Monterey Rd Contact us

    We can help!

    Listing Contact
    Will Bryson

    Listing agent Will Bryson

    Listing office Atlantic Retail | Pittsburgh

    Listing date Mar 25, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Retail | Pittsburgh

    HighLights

    • Largest power center in San Jose with ±1,650,000 SF of retail space.
    • Anchored by top‑tier national tenants: Target, Home Depot, Best Buy, Ross, and PetSmart.
    • Located across from two new residential communities delivering ±6,000 new homes.
    • Anticipated Vallarta Supermarket (coming soon!) will drive additional traffic.
    • Close proximity to Willow Glen, a desirable and affluent neighborhood.
    • Vibrant town square with lush open spaces and outdoor seating.

    Overview

    This dynamic retail power center spans approximately 650,000 square feet and is home to top-tier national tenants, including Target, Home Depot, Best Buy, Ross, and PetSmart. The property is the largest power center in San Jose, offering premier shopping and dining experiences. A Vallarta Supermarket is anticipated to open soon. The location is ideally positioned across from Communications Hill and Dairy Hill, two thriving new residential communities expected to deliver over approximately 6,000 new homes, which is expected to drive strong future foot traffic and demand. The property is in close proximity to Willow Glen, one of San Jose’s most desirable and affluent neighborhoods. The location features a vibrant town square with lush open spaces and outdoor seating, providing a community atmosphere. The architectural design blends Art Moderne elements with historic charm, creating a unique destination.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Plant Shopping Center — 1 Curtner Ave, San Jose, CA 95125
    • Coin Cloud Bitcoin ATM — 2670 monterey rd, san jose, ca 95111
    • California DMV Now Kiosk — 111 W Alma Ave, San Jose, CA 95110

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.98
    Latitude
    37.3

    Nearby Similar for Lease

    • $3,250/Mo
      5,040 SF

      Retail Suite with Restroom Ready

      Flexible retail options with restroom readiness and 14 parking spaces, offered on a gross lease with easy terms.
      1271 Story Rd, San Jose, CA 95122
      View Details
    • $5,500/Mo

      Storefront Retail Suite

      Leased storefront at Silver Creek Paloma Plaza with front- and back-facade signage and on-site parking for customers and employees.
      3005 Silver Creek RD 194, SAN JOSE, CA 95121
      View Details
    • $1,800/Mo

      Industrial R&D Office Condo

      For lease, this condo suite offers three private offices, a lobby, and in-suite restroom and utility support.
      2050 Concourse 54, SAN JOSE, CA 95131
      View Details
    • $129-$9,795/Mo
      11-1,292 SF

      CA, San Jose - Spaces San Jose - Santana Row

      3031 Tisch Way, San Jose, CA 95128
      View Details
    • $129-$5,546/Mo
      11-1,292 SF

      CA, San Jose - S 1st St

      325 1St St, Unit 120, San Jose, CA 95113
      View Details
    • $129-$4,463/Mo
      11-1,292 SF

      Spaces 18 S 2nd Street

      18 2Nd St, San Jose, CA 95113
      View Details
    • $3 SF/Yr
      11,500 SF

      Move-in Ready Medical/Professional Suites

      Versatile suites near Regional Medical Center, ideal for medical practices.
      244 N Jackson Avenue, San Jose, CA 95116
      View Details
    • $129-$5,631/Mo
      11-1,292 SF

      Downtown San Jose

      99 Almaden Blvd, Unit 600, San Jose, CA 95113
      View Details
    • $129-$19,199/Mo
      11-1,535 SF

      San Jose Airport

      2033 Gateway Pl, San Jose, CA 95110
      View Details
    • Sponsored
      $129-$6,556/Mo
      11-1,292 SF

      CA, San Jose - North San Jose

      2880 San Jose Ave, San Jose, CA 95134
      View Details
    • $129-$7,056/Mo
      11-1,292 SF

      South San Jose

      6203 San Ignacio Ave, Unit 110, San Jose, CA 95119
      View Details
    • $1.35 SF/Yr
      3,680 SF

      Flex Warehouse Office Space

      A 50% warehouse, 50% office layout with grade-level loading and LED lighting for flexible operations.
      1430 Koll Circle, San Jose, CA 95112
      View Details

    FAQs

    What type of property is this?
    Shopping center - Premier shopping and dining experiences in San Jose.
    Where is this shopping center located?
    The property is located at 2151 Monterey Rd San Jose, CA.
    What are key features of this property?
    This property features: Largest power center in San Jose with ±1,650,000 SF of retail space.; Anchored by top‑tier national tenants: Target, Home Depot, Best Buy, Ross, and PetSmart.; Located across from two new residential communities delivering ±6,000 new homes.
    (412) 595-9300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Will Bryson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2151 Monterey Rd, San Jose, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!